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ACCRUALS AND OTHER CURRENT LIABILITIES (Tables) | 6 Months Ended
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Jun. 30, 2025
Payables and Accruals [Abstract] |
Schedule of accrued expenses and other liabilities |
Schedule of accrued expenses and other liabilities |  |  |  |  |  |  |  |
|  | December 31, |  |  | June 30, |
|  | 2024 |  |  | 2025 |
|  | US$’000 |  |  | US$’000 |
Accrued operating expenses |  |  | 1,145 |  |  |  | 898 |
Deposits |  |  | 204 |  |  |  | 224 |
Advances from customers |  |  | 323 |  |  |  | 772 |
GST payables |  |  | 5 |  |  |  | 19 |
Margin call * |  |  | – |  |  |  | 164 |
Unrealized losses on commodity future contracts, at fair value |  |  | 14 |  |  |  | – |
Other payables – Related parties ** |  |  | 545 |  |  |  | 324 |
|  |  | 2,236 |  |  |  | 2,401 |
* | Margin call represents unsettled commissions fee and realized losses on commodity future contracts placed with StoneX Financial Ltd. for the purpose of managing the Company’s commodity price risk (Note 14).
** | The amounts due to related parties are unsecured, free of interest and repayable on demand, including:
1) | Advances of US$202,317 from a related party, which were free of interest and fully repaid on August 22, 2025; and
2) | Payables to the Company’s overseas office, which is a related party, represented certain expenses paid by the overseas office on behalf of the Company in the normal course of its operation.

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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